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KGI Estimates HSI to Hit 30,000 by Yr-End, Recommends 12 Stocks Incl. XPENG-W/ UBTECH ROBOTICS/ TENCENT/ BABA-W
Recommend 84 Positive 127 Negative 49 |
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KGI has released a global market outlook, in which it estimated external pressures would slow China's GDP growth in real terms to 4.6% this year despite receded risks following the conclusion of multiple trade agreements between countries. Holding a bullish outlook for the HSI, KGI predicted that Fed rate cuts would drive capital back into H- and A-shares. It lifted the forecast P/E/ earnings growth to 13.5x/ 8% based on an expected P/E to reflect capital inflow into H- and A-shares. It also set a year-end target for the HSI at 30,000, marking a potential increase of about 14%. KGI recommended 12 major stocks, namely XPENG-W (09868.HK), UBTECH ROBOTICS (09880.HK), TENCENT (00700.HK), BABA-W (09988.HK), CHINAHONGQIAO (01378.HK), AIA (01299.HK), PING AN (02318.HK), CM BANK (03968.HK), AKESO (09926.HK), POP MART (09992.HK), TME-SW (01698.HK), and SINO LAND (00083.HK). AAStocks Financial News |
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